- Toncoin (TON) and Avalanche (AVAX) are standout altcoins in 2024, with massive gains and strategic partnerships positioning them as potential millionaire-makers.
- Solana, Binance Coin, and Aave are leading DeFi and NFT sectors, driven by key partnerships and technological upgrades, making them crucial altcoins to watch.
In 2024, the crypto market is on fire with several altcoins showing strong potential for substantial returns. As previously discussed in a recent CNF post, here are some standout picks that could be game-changers, including a couple of picks from Forbes Advisor.
Toncoin and Avalanche – 2024’s Altcoin Highlights
Toncoin (TON) and Avalanche (AVAX) are two altcoins making significant waves in 2024. Toncoin has surged 1,500% this year, trading at $6.65, with its Total Value Locked (TVL) skyrocketing by 5,625%, driven by the Notcoin game within its ecosystem. With a transfer volume reaching up to 10% of Bitcoin’s, TON’s community has grown to 32 million holders. As of today, TON is valued at $5.43, with a decline of 2.99% in the past day. See TON price chart below.
Meanwhile, Avalanche is trading at $23.12, gaining traction from institutional demand and partnerships with giants like JP Morgan and Citi for asset tokenization. Its TVL has reached $881.97 million, supported by the Firewood system that enhances network efficiency.
Solana, Binance Coin, and Aave: Leading the DeFi and NFT Charge
Solana (SOL), Binance Coin (BNB), and Aave (AAVE) are also standing out with strong performance this year. Solana, trading at $142.04, benefits from increased on-chain activity and a partnership with Visa for stablecoin payments. The introduction of FireDancer and its growing DeFi and NFT adoption have boosted Solana’s exchange volumes and NFT sales beyond Ethereum’s.
Binance Coin, priced at $535.34, with a 1.09% decline in the past week, has improved transaction efficiency through MEV adoption, driving greater user participation in its DeFi ecosystem.
Aave, trading at $136, continues to lead the DeFi space with upgrades that enhance cross-chain functionality and security, and its native stablecoin, GHO, is gaining popularity, strengthening Aave’s appeal among investors.
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